Auto Deleveraging System (ADL)

When a trader’s position is liquidated, the position is taken over by the BBX SWAP liquidation system. If the liquidation cannot be filled by the time the mark price reaches the bankruptcy price, the ADL system automatically deleverages opposing traders’ positions by profit and leverage priority.

The price at which a traders’ positions are closed out is the bankruptcy price of the initial liquidated order.

The deleveraging priority is calculated by profits and effective leverage, that means the trader uses aggressive trading strategy and gets the most profits will be marked with ADL sequence priority.

The ADL indicator light in the center of your order book will sequence (pick the highest) by your all your holding positions of the contract, and send you an ADL early warning.